Which of the following is NOT an instrument in the money market?

  • A Treasury bill
  • B Bill of exchange
  • C Stocks and shares
  • D Call money fund
jamb 2017economics

The correct answer is C. Stocks and shares

Stocks and shares are securities purchase by individuals, which is evidence of contributing part of the total capital used in running an existing industry. Stocks and shares are instruments used in capital market.

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